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> As you may have heard already, NYSE and NASD are proposing to raise the
> minimum equity requirements to trade equities on margin from the current $2K
> to $25K for "pattern daytraders" - whatever that means.
Sounds reasonable to me. In this volatile market, I can't imagine any
responsible broker extending margin to someone with only $2K in his
account. That could be wiped out in a New York microsecond and the
broker would be left holding the bag. I'd apply it to ALL traders and
forget trying to define a "pattern daytrader."
--
Dennis
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